Deutsche Asset & Wealth Management Introduces the First Hedged Equity German Exchange Traded Fund to the U.S. Marketplace

  Deutsche Asset & Wealth Management Introduces the First Hedged Equity German
  Exchange Traded Fund to the U.S. Marketplace

Business Wire

NEW YORK -- May 17, 2013

Deutsche Asset & Wealth Management today announced the addition of the db
X-trackers MSCI Germany Hedged Equity Fund (NYSE Ticker: DBGR) to the db
X-trackers platform, effective May 31, 2013. DBGR is the first ETF designed to
provide investors direct exposure to the German equity markets while
mitigating exposure to fluctuations between the value of the U.S. dollar and
the euro.

DBGR will provide access to Germany, the fourth largest economy in the world
by gross domestic product according to UN data^1, while simultaneously
decoupling German equity investment from currency exposure. Before the
introduction of DBGR, investors could only access the German stock market
through unhedged ETFs that subjected the funds to the fluctuations in the
currency market, possibly eroding gains in equity investments.

“U.S. investors are looking for products with built-in protection against
fluctuations between the dollar and non-U.S. currencies that also provide pure
exposure to equity markets. DBGR is the first ETF focused on Germany that
responds to this demand,” said Martin Kremenstein, Deutsche Asset & Wealth
Management Americas’ Head of Passive Asset Management.

DBGR will seek investment results that correspond generally to the
performance, before fees and expenses, of the MSCI Germany U.S. Dollar Hedged
Index (the “Index”). The Index measures the performance of the large and mid
cap segments of the German market. With 51 constituents, the Index covers
approximately 85% of the equity universe in Germany. One cannot invest
directly in an index.

DBGR currently trades as “db X-trackers MSCI Canada Hedged Equity Fund” under
the ticker “DBCN” and with its underlying index as the MSCI Canada U.S. Dollar
Hedged Index. On May 31, 2013, following a delayed opening, the ETF will be
available under the ticker “DBGR,” and its underlying index will be the MSCI
Germany U.S. Dollar Hedged Index. DBGR joins the db X-trackers suite of hedged
equity ETFs that includes the db X-trackers MSCI Japan Hedged Equity Fund
(NYSE Ticker: DBJP), db X-trackers MSCI EAFE Hedged Equity Fund (NYSE Ticker:
DBEF), db X-trackers MSCI Emerging Markets Hedged Equity Fund (NYSE Ticker:
DBEM), and db X-trackers MSCI Brazil Hedged Equity Fund (NYSE Ticker: DBBR).

Deutsche Asset & Wealth Management’s U.S. exchange traded products (ETP)
platform includes 53 ETPs with approximately $12 billion in assets under
management. Deutsche Asset & Wealth Management’s ETP platform was launched in
2006 and has risen to become the second largest ETP provider in Europe and the
fifth largest in the world, with approximately $60 billion in assets under
management.

For more information about the ETPs available in the U.S., visit:
http://www.dbxus.com. For further information about this press release, please
call:

Deutsche Asset & Wealth Management

With $1.2 trillion of assets under management (as at December 31, 2012),
Deutsche Asset & Wealth Management is one of the world's leading investment
organizations. Deutsche Asset & Wealth Management is the brand name for the
Asset Management & Wealth Management-division of Deutsche Bank AG and its
subsidiaries.

DISCLAIMERS AND RISKS

An investor should consider the Funds' investment objectives, risks, charges
and expenses carefully before investing. For this and more complete
information about the Funds, call 1-877-369-4617 or visit www.dbxus.com.
Please read the prospectus carefully before investing. A registration
statement concerning DBGR, which includes a prospectus, has been filed with
the Securities and Exchange Commission. The information contained in the
prospectus is not complete and may be changed. DBGR may not sell its shares
until the registration statement filed with the Securities and Exchange
Commission is effective. This release is not an offer to sell shares of DBGR
and is not soliciting and offer to buy these shares in any state where the
offer or sale is not permitted.

Investing involves risk, including possible loss of principal. Funds that
invest in specific countries may be more volatile than broadly diversified
funds. Investing in German issuers involves special risks, including changes
in currency exchange rates, political, economic and social instability, a lack
of comprehensive company information differing auditing and legal standards
and less market liquidity. Investments in foreign currencies are subject to
the risk that those currencies will decline in value relative to the U.S.
dollar, or in the case of hedged positions, that the U.S. dollar will decline
relative to the currency being hedged. Each of these risks could increase the
fund's volatility. Please refer to the fund’s prospectus for a more complete
discussion of the risks associated with the fund.

Shares of the ETFs may be bought or sold throughout the day on the exchange
through any brokerage account, which will result in the typical brokerage
commissions. Shares are not individually redeemable from the ETFs and may only
be purchased and redeemed directly from the ETFs by Authorized Participants,
in very large creation/redemption units.

The fund is distributed by ALPS Distributors, Inc. The fund is not sponsored,
endorsed, issued, sold or promoted by MSCI, Inc., nor does MSCI make any
representation regarding the advisability of investing in the Fund.

^1 Source: United Nations National Accounts Main Aggregates Database:
http://unstats.un.org/unsd/snaama/dnllist.asp

Contact:

Deutsche Bank
Pholida Barclay, +1 212-250- 6853
pholida.barclay@db.com
 
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